ITT (ITT) intends to utilize its indefinite term $1B share repurchase authorization, of which there was $875M of remaining authorization on March 29, 2025, to repurchase up to an additional $500M of ITT shares. The company believes that it will continue to have the financial and managerial capacity to execute further acquisitions while maintaining its investment grade credit rating.
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Read More on ITT:
- ITT sees Q1 adjusted EPS $1.43-$1.45, consensus $1.43
- ITT price target lowered to $150 from $170 at KeyBanc
- ITT’s Growth Potential: Resilience in Automotive Challenges and Strategic M&A Initiatives
- Tariff Troubles: How Trade Disputes Threaten ITT Corporation’s Financial Stability
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